In the first six months of 2019, it has already been a challenging year for commercial insurance. Here’s what lines will likely be impacted moving forward.
Regulators grounding the Boeing 737 Max until the root cause of the plane’s operational failure could be identified is an imperative lesson in risk management at large.
Michael Calhoun, Managing Director, Aon Constriction in the aerospace sector was a common theme this year. “Major carriers have left,” said one director of insurance. “We had a very difficult time this year, trying to get a renewal with 65 percent of the previous market capacity left out there. Michael was able to go to… View Article
Aviation operators are doing everything right, but the market cycle will eventually harden. An industry veteran explains the forces at work behind the market shift and what insureds can do about it.
Ascot picks up John O’Brien; John Heveran takes tech role at Liberty Mutual; Simon Tardif joins aviation role with Swiss Re; Suzannah Gill of EPIC earns health benefits certification; Peppia Gates joins Texas Mutual; RT Specialty names Joe Reynolds as AVP.
Helping Clients Soar It seems like everywhere you look, businesses are finding more ways to use drones — also known as unmanned aircraft systems. It follows that the insurance industry needs to keep pace. But it wasn’t, as brokers and clients alike observed. Getting coverage meant a time-consuming process, restrictive policy language, low liability limits… View Article
The ‘Go-To’ Broker Michael Calhoun is my “go-to guy for aerospace-related business,” said the vice president of administration of an aircraft manufacturer. Calhoun’s work, he said, is “extraordinarily creative” and the broker is always available whenever “a peculiar or unusual” issue might arise. Calhoun, who is also Midwest region manager, took a lead role in… View Article